Open Letter to Lloyd Blankfein

Goldman Sachs is clearly at a crossroads. It's not about whether the firm will be found guilty of the fraud charges lodged against you by the SEC.

It's not about whether your firm will survive and continue to prosper. There's little doubt it will, no matter how many standoff Senate hearings are held, and no matter what sort of financial reforms get enacted.

The real issue, Mr. Blankfein, is what kind of company you want Goldman Sachs to be going forward.

It's striking that among Goldman's famed list of 14 business principles, not a single one has anything to say about your role in the community, or in the world. Or even about investing in your own people.